Schemes Promoted by Bank of Baroda
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Main Schemes Promoted by Bank of Baroda Rate Interes Loan Service of t Incentives/ Scheme Details Eligibility Amou Security Repayments Charge Additional details Intere Subsid Benefit nt s st y Baroda Setting up/ All MSMEs in 5L- MCLR NA NA NA NA NA DSCR should not go Aarogyadha Purchase of ready Regulatory and 3000L based below the level of m Loan possession of new Expanded./Promoters rates 1.25 in any Clinic/Hospital etc. /owners should not particular Expansion/renovati be HUF./At-least one year.Operating on/modernization of the Promoters/ Profit Margin of existing Director( non- (before I, D & T) not Hospitals/facility. individual) / Doctors to be below 10% of Purchase of new should have requisite sales.Minimum medical diagnostic qualification in any Interest coverage equipment/office branch of medical Ratio should be equipments. science. 2.Current ratio To meet working Exclusion: Real Estate (excluding TL capital Projects are not installments) requirements eligible minimum 1.17 (only including stock of Promoters /owners for WC cases) medicines. should not be HUF. Note: At-least one of the Promoters/ Director( non- individual) / Doctors should have requisite qualification in any branch of medical science. Composite Fixed capital MSMEs Upto MCLR NA No Collateral Minimum 3 NA NA NA Loans investment and / or 100 based Security/ third years and working capital lakhs rates party maximum of requirement. guarantee be 10 years taken (which can be extended), with initial holiday of 12 months to 18 months. Working Working Capital MSMEs As per MCLR NA NA NA NA NA NA capital Finance to meet the based Finance their operating Book rates expenses, size purchasing and inventory, appra receivables isal financing, either by direct funding or by issuing letter of credit. Term Finance Fund Based Finance MSMEs As per MCLR NA NA NA NA NA NA for capital the based expenditure / Book rates acquisition of fixed size assets towards and starting / expanding appra a business or isal industrial unit or to swap with high cost existing debt from other bank / financial institution.Non- Fund Based Finance in the form of Deferred Payment Guarantee for acquisition of fixed assets towards starting / expanding a business or industrial unit. Baroda SME provides single line All Enterprises, i.e. 4.5 MCLR NA NAExclusive NA NA NA Loans upto Rs. 100/- loan pack of credit for meeting Micro, Small & times based charge on the lacs to Micro & SME borrowers Medium Enterprises, of rates assets of the Small Enterprises working capital as as defined under borro enterprise. will be covered well as long term MSMED Act, 2006, wer Personal under Credit requirements within and other entities tangib Guarantees of Guarantee Fund the overall limit with annual sales le net all promoter Trust Scheme approved by the turnover up to Rs. worth Directors / bank. 150/- crores as per Partners. exclusively banking last Charge on the with our bank/new audit unencumbered borrowers desirous ed personal of having sole Balan properties of banking arrangement ce the partners, with our bank. Sheet, promoter or, Rs. Directors, 5.00 wherever Crore applicable. s, Third party which guarantee in ever case of credit is line above lower. Rs.100.00 lacs to Micro & Small Enterprises as per Regulatory definition.Any other collateral for the credit line above Rs. 25.00 lacs in case of other Enterprises, i.e. Medium Enterprises and Enterprises based on the turnover criteria to maintain asset coverage ratio above 1.25. Baroda The MSME borrowers Barod MCLR NA NA 3 to 7 years NA NA Replacement of old MSME Capex manufacturing/servi (Regulatory) and SME a based including the machinery. loan ce sector units (Expanded) rated MSM rates moratorium Purchase of should have been BOB-5 and above. E period. balancing established in the Capex equipments line of activity for a card: Modernization. minimum period Min. Investment in two years, Account 25 Research and running with lacs Development. satisfactory dealings and Installation of for last one year & Max captive power above and No Rs. plants and adverse features are 5.00 Upgradation of reported in conduct Crore technology. of account. s. Alteration in lay out Barod of factory/office. a Acquisition of MSM software, hardware, E and tools, jigs, Capex fixtures etc. forming Loan: part of Plant & Min Machinery. 25 Purchase of cars, lacs passenger cars for and staff and other Max vehicles for use of Rs. business purpose. 2.00 Crore s. SME Short To meet temporary Micro, Small & 10L - MCLR NA First charge / To be repaid As 25% NA term loan shortfall / mismatch Medium Enterprises 250L based Equitable in 12 months Applica concession in in liquidity, for as per Regulatory rates mortgage of including ble applicable meeting genuine definition and all fixed assets of moratorium Service business other entities with the company / period. charges. requirements only. annual sales turnover firm or up to Rs. 150/- extension of crores. existing first charge / equitable mortgage of fixed assets, ensuring that there is a minimum asset cover of 1.25. Extension of Charge on current assets for the additional facility ensuring that adequate drawing power is available. Extension of all existing guarantees of Directors / Third party guarantees to cover the additional facility. SME Medium To augment Micro, Small & 25L- MCLR NA First charge / Not exceeding As 25% Satisfactory credit term loan enterprises working Medium Enterprises 500L based Equitable 36- months, Applica concession in rating for the last capital gap and to as per Regulatory rates mortgage of to be repaid in ble applicable three years.Latest help in definition and all fixed assets of equal Service Balance Sheet etc. improvement of other entities with the Company / quarterly or charges. should be current ratio and annual sales turnover firm or half-yearly available.Satisfactor also for meeting of Rs. 1/- crore to Rs. extension of installments. y financial genuine business 150/- crores. existing first performance in requirements. The charge/ terms of facility will also be equitable Sales/turnover and available for mortgage of profits.Negative repayment of fixed assets, variance, if any, secured and ensuring that should not be more unsecured Loans of there is a than 10%. other banks or minimum asset Total Debt-equity institutions, but not cover of 1.25 ratio should not be for any purpose, higher than 4.5:1 which is not related and total Term to the enterprises Liability and equity activity. ratio should not be more than 3:1. Average DSCR should not be less than 1.75:1 Satisfactory dealings with the Bank for at least Three years. Tech To provide New units set up with Need MCLR The NA NA NA NA NA upgradation encouragement to technology as per based based schem fund textile industrial guidelines of the rates e scheme* units for taking up scheme would also envisag technology up- be eligible for the es 5% gradation and to above benefit, or, interes modernize their 15% Credit Linked t production facilities. Capital Subsidy for reimbu Small Scale Sector rsemen and 20% for Power- t (4 loom Sector, or, 5% percen interest tage reimbursement plus for 10% capital subsidy spinnin for specified g processing industr machinery, technical y) of textiles machinery, the garmenting normal machinery and for interes CAD, CAM, Design t Studio, etc. charge d by the bank on the loans Credit linked To facilitate Tiny and SSI units Upto MCLR 15% or NA NA NA NA Eligible units must capital Technology 100 based Rs. apply for subsidy subsidy Upgradation of Tiny lakhs rates 15/- support at the time scheme* and SSI units in the Lacs, of loan application specified whiche itself. products/sub- ver is Term Loans sectors as notified lower sactioned under the by Govt. of India by (Subsid CLCSS scheme are providing 15% y is only eligible for capital subsidy for calcula subsidy. induction of proven ted Claims are to be technologies with reached in the approved under the referen Ministry as per the scheme. ce to time-frame the stipulated by them. purcha That is, within the se next quarter of last price loan disbursement of (Reference date). eligible Plant and Machin ery approv ed under the schem e) Coverage of To provide collateral all new and existing The MCLR NA Primary NA NA NA Composite all-in collateral free loans upto Rs. Micro and Small eligibl based security is the Guarantee Fee free loan* 200/- lacs (Up to Rs. Enterprises (both in e loan rates asset created ranges from 1.00% + 100 Lacs for Retail the Manufacturing limit out of the Risk Premium to Trade) to Micro & Sector as well as in under credit facility 2.00% + Risk Small Enterprises, as the Service Sector) as the extended to Premium depending defined under defined under Sche the borrower upon the limit MSMED Act, 2006. MSMED Act, 2006 me is and / or which availed from the up to are directly bank Rs.20 associated with 0 lacs the business / (Up to project of the Rs. borrower for 100 which the Lacs credit facility for has been Retail extended. Trade ). Scheme for Financing SMEs for SME units financed Upto MCLR IRDEA, For Sole NA NA NA Cost of financing acquisition of by bank as also other 75% based at Banking acquisition/modifica energy equipments, units desirous of of the rates presen Accounts : tion/renovation of efficiency services and shifting their account total t, gives Extension of equipment/softwar projects adopting measures to Bank of Baroda. projec a grant first charge on e. for enhancement of t cost, of Rs. all fixed assets. Cost of alterations energy subje 25,000 For to existing efficiency/conservat ct to /- for Consortium/M machinery.